2 CFR 200 Uniform Guidance:
Updated in 2024

2 CFR 200 Uniform Guidance: Updated in 2024 is a clean and easy-to-read desktop reference that is a must-have for you and your team to keep track of how the uniform guidance affects your funding.

On April 22, 2024, the Office of Management and Budget (OMB) released final guidance that implemented wide-sweeping revisions to the existing uniform guidance at 2 C.F.R. Part 200. These changes, which become effective for new awards or modifications to existing awards issued on or after Oct. 1, 2024, were the culmination of an OMB review of the uniform guidance and included revisions to existing guidance, plain-language clarifications and updates related to federal administrative priorities. Having this printed edition of the 2024 revisions to 2 C.F.R. Part 200 will help ensure you easily maintain compliance with federal requirements.

The latest version, updated in 2024, includes the following key topics:

• Increasing the Single Audit Threshold to $1 Million Expended Annually
• Increasing the De Minimis Indirect Cost Rate to Up To 15% of MTDC
• Allowing Tribes To Follow Their Own Procurement Policies
• Reducing the Prior Approval Requirements
• Revising the Requirements for Pension Costs
• Using the Terms “Recipient” and “Subrecipient” Rather than “Nonfederal Entity”
• Promoting a Standard Notice of Funding Opportunity in Appendix I
• Removing the Existing Requirement for All Indirect Cost Rates to be Publicly Available Online
• Adding New Definitions for “Continuation Funding,” “Participant” and “Prior Approval.”
• And much more!

About the Desktop Copy:

2 CFR 200 Uniform Guidance: Updated in 2024 is a 100+ page spiral-bound desktop reference book.

If you have any questions or would like information about bulk pricing, please contact Client Services by phone at 1.800.677.3789 or by email at service@thompson.com.